Employee turnover costs range from 25% to 213% of annual salary, depending on the position and have doubled in the last 10 years (Work Institute, 2019).
Additionally, a 2020 retention report by the Work Institute analysed over 233,000 exit interviews and found that over 75% of the reasons employees leave their jobs are preventable.
Not only does high turnover cost businesses time and money to recruit, train, develop and integrate a new staff member into a team, but did you also know that high employee turnover lowers morale for existing employees?
In this webinar, we offer practical insights into the pain points of employee management, and in particular on how to retain your talent. Join our specialists as they discuss:
Why individuals leave an organisation vs why they stay
The benefits of having a proactive retention strategy instead of a reactive one
The importance of the manager-employee relationship for retaining people
The impact universal retention strategies geared around the majority can have on minority groups
5 key steps you can take to retain and engage your workforce
This webinar is for HR professionals that want to understand attrition and how to develop a strategy to retain and engage their employees.
Since 1981, Thomas International has combined technology, psychology & data to translate people’s diverse characteristics into intuitive, easy to action solutions for recruitment, retention & development. Thomas helps over 11K companies around the world unleash the power of their people.